In 2018, the global Digital Twins market size was 1240 million US$ and it is expected to reach 13800 million US$ by the end of 2025, with a CAGR of 35.1% during 2019-2025.

1. Digital Twins Market size is expected to reach 13800
million US$ by the end of 2025
Published on: 8 August 2019
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2. Digital Twins Market
Overview
Digital Twin is a near-real-time digital image about the historical and
current behavior of a physical object or process that helps optimize
business performance.
Digital twins exist at the nexus of physical engineering, data science, and
machine learning, and their value translates directly to measurable
business outcomesreduced asset downtime and maintenance costs,
improved plant and factory efficiency, reduced cycle times, and increased
market agility.
China, Japan, India and S. Korea, etc. are now the key developing market of
Digital Twin in the future while they are all just at the beginning of digital
twin technology. There are few vendors to have digital twin technology,
and the Chinese market is still much smaller than the USA. Chinese AVIC
have signed an agreement with French Dassault Systmes to develop the
digital twin in Jun. 2017.www.24marketreports.com

3. Digital Twins Market
ByRegion
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India
China
United State
Japan
Europe
Southeast Asia

4. Digital Twins Market
By Application
1 Aerospace & Defense
2 Automotive & Transportation
3
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Machine Manufacturing

5. Digital Twins Market
By Type
1 Parts Twin
3
Product Twin
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2
Process Twin

6. Key manufacturers
covered
 General Electric
 PTC
 Siemens
 Dassault Systmes
 IBM Corporation
 ANSYS
 Microsoft Corporation
 Oracle Corporation

7. For more information
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Call (Asia)
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